Tuesday, October 21, 2008

Alternative Energy Suddenly Faces Headwinds - NYTimes.com

Let’s hope the next president constructively addresses this challenge

Shares of alternative energy companies have fallen even more sharply than the rest of the stock market in recent months. The struggles of financial institutions are raising fears that investment capital for big renewable energy projects is likely to get tighter.

Advocates are concerned that if the prices for oil and gas keep falling, the incentive for utilities and consumers to buy expensive renewable energy will shrink. That is what happened in the 1980s when a decade of advances for alternative energy collapsed amid falling prices for conventional fuels.

Alternative Energy Suddenly Faces Headwinds - NYTimes.com

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